Sec. 3941.109. PARKING FACILITIES. (a) The district may acquire, lease as lessor or lessee, construct, develop, own, operate, and maintain parking facilities or a system of parking facilities, including lots, garages, parking terminals, or other structures or accommodations for parking motor vehicles off the streets and related appurtenances.
(b) The district's parking facilities serve the public purposes of the district and are owned, used, and held for a public purpose even if leased or operated by a private entity for a term of years.
(c) The district's parking facilities are parts of and necessary components of a street and are considered to be a street or road improvement.
(d) The development and operation of the district's parking facilities may be considered an economic development program.
Added by Acts 2015, 84th Leg., R.S., Ch. 910 (S.B. 2044), Sec. 1, eff. June 18, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3941 - Valley Ranch Town Center Management District
Subchapter C. Powers and Duties
Section 3941.101. General Powers and Duties
Section 3941.102. Improvement Projects and Services
Section 3941.103. Development Corporation Powers
Section 3941.104. Nonprofit Corporation
Section 3941.105. Agreements; Grants
Section 3941.106. Law Enforcement Services
Section 3941.107. Membership in Charitable Organizations
Section 3941.108. Economic Development Programs
Section 3941.109. Parking Facilities